The economic recovery in Europe is expected to continue. GDP in the euro area is forecasted to grow by 2.0 per cent in 2006, remaining lower than in most other parts of the world. Inflation in the euro area is expected to reach 1.9 per cent this year. The labour market situation will only...

This chapter analyses current pay-setting arrangements in Europe as well as the prospect of reform. It reviews the positive experience of many small European countries that have achieved real wage moderation through co-ordinated collective bargaining as well as the experience of countries where...

This chapter reviews some aspects of the new draft constitution for the European Union, pointing to possible undesirable consequences from including non-discrimination as a general rule in the European constitution.

The direct tax structure of the UK has grown by continuous accretion since its principal elements were set out by Addington in 1803. The government has never undertaken a fundamental reappraisal of the basis of direct taxation: the Meade Report was an attempt to make up for this government...